TRADING SERVICE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TRADING SERVICE
Largest movements
- Cash +€56,027
up €56,027 (+140%), from €40,150 to €96,176
mainly Receivables after one year (+€43,581) and Depreciation (+€33,506)
- Receivables after one year -€43,581
down €43,581 (-35.3%), from €123,450 to €79,869
- Tangible fixed assets -€33,506
down €33,506 (-5.4%), from €620,086 to €586,579
of which Land and buildings: -€26,995
- Other debts -€47,771
down €47,771 (-100%), from €47,771 to €0
- Debts after one year +€18,658
up €18,658 (+6.6%), from €281,002 to €299,660
- Reserves +€14,402
up €14,402 (+4.7%), from €307,910 to €322,312
of which Distributable reserves: +€30,122
- Trade debts +€9,142
up €9,142 (+172%), from €5,304 to €14,447
- Gross operating margin +€9,118
up €9,118 (+12.3%), from €74,022 to €83,140
- Taxes +€4,745
up €4,745 (+33.7%), from €14,098 to €18,843
- Other operating charges +€1,968
up €1,968 (+44.0%), from €4,473 to €6,441
- Financial charges -€1,632
down €1,632 (-9.1%), from €18,011 to €16,379
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €784,797 | €763,737 | -€21,060 | -2.7% |
| Fixed assets | 21/28 | €621,198 | €587,691 | -€33,506 | -5.4% |
| Tangible fixed assets | 22/27 | €620,086 | €586,579 | -€33,506 | -5.4% |
| Land and buildings | 22 | €606,080 | €579,085 | -€26,995 | -4.5% |
| Plant, machinery and equipment | 23 | €745 | €232 | -€513 | -68.9% |
| Furniture and vehicles | 24 | €13,261 | €7,263 | -€5,998 | -45.2% |
| Financial fixed assets | 28 | €1,112 | €1,112 | = | 0.0% |
| Current assets | 29/58 | €163,600 | €176,046 | +€12,446 | +7.6% |
| Amounts receivable after more than one year | 29 | €123,450 | €79,869 | -€43,581 | -35.3% |
| Other amounts receivable | 291 | €123,450 | €79,869 | -€43,581 | -35.3% |
| Cash at bank and in hand | 54/58 | €40,150 | €96,176 | +€56,027 | +140% |
| Total equity and liabilities | 10/49 | €784,797 | €763,737 | -€21,060 | -2.7% |
| Equity | 10/15 | €326,502 | €340,904 | +€14,402 | +4.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €307,910 | €322,312 | +€14,402 | +4.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €194,162 | €178,442 | -€15,720 | -8.1% |
| Distributable reserves | 133 | €113,748 | €143,870 | +€30,122 | +26.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €79,306 | €72,885 | -€6,421 | -8.1% |
| Deferred taxes | 168 | €79,306 | €72,885 | -€6,421 | -8.1% |
| Amounts payable | 17/49 | €378,990 | €349,948 | -€29,042 | -7.7% |
| Amounts payable after more than one year | 17 | €281,002 | €299,660 | +€18,658 | +6.6% |
| Financial debts | 170/4 | €281,002 | €299,660 | +€18,658 | +6.6% |
| Amounts payable within one year | 42/48 | €97,988 | €50,288 | -€47,700 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | €36,815 | €32,209 | -€4,605 | -12.5% |
| Financial debts | 43 | - | €97 | +€97 | |
| Credit institutions | 430/8 | - | €97 | +€97 | |
| Trade debts | 44 | €5,304 | €14,447 | +€9,142 | +172% |
| Suppliers | 440/4 | €5,304 | €14,447 | +€9,142 | +172% |
| Taxes, remuneration and social security | 45 | €8,098 | €3,535 | -€4,563 | -56.3% |
| Taxes | 450/3 | €8,098 | €3,535 | -€4,563 | -56.3% |
| Other amounts payable | 47/48 | €47,771 | €0 | -€47,771 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,501 | €33,506 | +€5 | 0.0% |
| Other operating charges | 640/8 | €4,473 | €6,441 | +€1,968 | +44.0% |
| Gross operating margin | 9900 | €74,022 | €83,140 | +€9,118 | +12.3% |
| Operating profit (loss) | 9901 | €36,048 | €43,193 | +€7,146 | +19.8% |
| Financial income | 75/76B | €5 | €10 | +€5 | +106% |
| Recurring financial income | 75 | €5 | €10 | +€5 | +106% |
| Financial charges | 65/66B | €18,011 | €16,379 | -€1,632 | -9.1% |
| Recurring financial charges | 65 | €18,011 | €16,379 | -€1,632 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €18,042 | €26,825 | +€8,783 | +48.7% |
| Transfer from deferred taxes | 780 | €6,421 | €6,421 | = | 0.0% |
| Income taxes | 67/77 | €14,098 | €18,843 | +€4,745 | +33.7% |
| Profit (loss) for the period | 9904 | €10,364 | €14,402 | +€4,038 | +39.0% |
| Transfer from tax-exempt reserves | 789 | €15,720 | €15,720 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,084 | €30,122 | +€4,038 | +15.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.